Great Compression

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Great Compression refers to an economic event in the United States in the early 1940s in which the economic inequality as shown by wealth distribution and income distribution between the rich and poor became much smaller than it had been in preceding time periods. The economist Emmanuel Saez has used income tax analysis to show that the compression ended in the 1970s and has now changed in the United States, Canada, and England into greater income inequality metrics and wealth concentration . In France and Japan, who have maintained progressive taxation this end has not happened. In Switzerland, where progressive taxation was never implemented, it never occurred.